The settle or closing price for Chicago Soft Red Winter Wheat December 2021 futures contract on 9/10 was: 688.4 cents per bushel ($6.884/bu) a) Fill out the following table for a Wheat Put using the information provided for December 2020 SRW Put. Strike price and premiums are reported in cents per bushel. Intrinsic Value Time Value In, At, or Out Strike Price 670 680 690 Premium 7.2 8.5 12.1 15.7 700 b) How many options contracts would you need to purchase to cover 15,000 bushels? c) Pick the strike price in the 3rd row of the table. If you purchased enough of those wheat puts (as determined in part b) to cover 15,000 bushels, what would the total premium cost be? (show the work for your calculation)